- FN4.5: +0-06 at 103-02. GN4.5: +0-06 at 103-22.
- Secondary Market Current Coupon: -1.4bps to 3.98%
- CC Yield Spreads:+80.2/10yTSY. +70.5/10yIRS. Went Out At Wides as TSYs Rallied. Tighter vs. 5pm yesterday
- UST10YR: -1.1bps at 3.178%. +0-03 at 102-23.
- S&P CLOSE: -0.59 at 1055.69. HIGH: 1077.36 LOW: 1052.98
The FN 4.5 benefited from a late afternoon stock market sell off. The after hours price MBS appreciations allowed lenders to reprice for the better.
The FN 4.5 hit a new record intraday price high of 103-03...
If you haven't read it yet, check out THIS POST about your loan pricing